Funding you earn now, next payment 06:00 UTC−0.0507%/8h= −55.5% APRnext payment −$0.63 per $10,000 · paid last 24h −0.066%
Price spread now: dYdX against Kraken Futures+0.062%7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$279as in the Funding arb table
Net, price: spread back to 7d avg − costs−$243as in the Price arb table
costs, in and out, $10k−$2522.518% of the position
Funding, last 7 days−0.269%−$27 on $10k
+Price spread, last 4 days (all we have)−0.250%−$25 · spread now +0.062%, 7d avg −0.025%
=The price spread pays, funding is against you. dYdX is 0.087% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.062% now, against its 7-day average of −0.025%): +$9 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.269% in total) that is about 2.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.269% in total (about -14.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.63 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_WLDUSD | 0.4474 | 0.0507 | pay 0.0063% / 1h | 26m 42s | $852K | $2.9M | 50x |
| Short | dYdX WLD-USD | 0.4476 | 0 | get 0.0000% / 1h | 26m 42s | $153K | $33K | 10x |
Kraken Futures PF_WLDUSD
dYdX WLD-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$106.38
- Price spread: +0.062% → −0.025%
- $8.65
- Slippage, 4 orders
- −$231.82
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$349.55
- Costs to cover
- 2.518%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; dYdX: live order book, 22 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kraken Futures live order book, 2 min ago | 4.47 bp | 24.6 bp −$25 | 33.2 bp −$332 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 22 min ago | 102.77 bp | 107.8 bp −$108 | 111.5 bp −$1,115 | 175.6 bp −$17.6K | 368.8 bp −$184.4K |
WLD on 38 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado WLD-PERP | −0.0050% | 1h | 0.4472 | −0.023% | $240K | $207K | 5x | as long as short |
| dYdX WLD-USDshort | 0.0000% | 1h | 0.4476 | +0.062% | $153K | $33K | 10x | |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4476 | +0.056% | $69K | $4.9M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4469 | −0.101% | $143K | $1.0M | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4470 | −0.083% | $65K | — | 150x | as long as short |
| Polymarket Perps WLD-USD | +0.0040% | 1h | 0.4469 | −0.101% | $39K | $2.4M | 10x | as long as short |
| KuCoin WLDUSDTM | +0.0044% | 8h | 0.4474 | +0.011% | $6.7M | $11.9M | 50x | as long as short |
| 01 Exchange WLDUSD | +0.0056% | 1h | 0.4470 | −0.078% | $320 | $55 | 5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0098% | 8h | 0.4468 | −0.123% | $28K | $809K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4479 | +0.132% | $224K | $1.1M | 50x | as long as short |
Nado WLD-PERP
Kalshi KXWLDPERP
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Polymarket Perps WLD-USD
KuCoin WLDUSDTM
01 Exchange WLDUSD
Orderly PERP_WLD_USDC
Aster WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica WLD | +0.0100% | 1h | 0.4477 | +0.079% | $50K | $542K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4476 | +0.063% | $85.3M | $338.6M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4475 | +0.033% | $63.7M | $91.8M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4476 | +0.056% | $33.7M | $152.4M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4473 | −0.011% | $7.3M | $37.3M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4476 | +0.056% | $38.6M | $55.8M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4476 | +0.056% | $29.4M | $30.9M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4476 | +0.056% | — | $70.2M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4472 | −0.043% | $133K | $305K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4489 | +0.342% | $2.0M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4489 | +0.356% | $27K | $318K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4483 | +0.212% | $592K | $2.0M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4492 | +0.413% | $48K | $240K | 50x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4474 | +0.011% | $22K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4469 | −0.101% | $206 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4466 | −0.168% | $817K | $1.7M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4472 | −0.034% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4468 | −0.118% | $219K | $999K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4470 | −0.090% | $30K | $600 | 3x | as long as short |
| Lighter WLD | +0.0128% | 1h | 0.4481 | +0.158% | $4.9M | $2.9M | 10x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4469 | −0.094% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0142% | 1h | 0.4490 | +0.366% | $5K | $52K | 10x | as long as short |
| Injective WLD/USDC PERP | +0.0176% | 1h | 0.4513 | +0.883% | $6K | $185K | 5.5x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4468 | −0.112% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4471 | −0.056% | $4.8M | $916K | 75x | as long as short |
| Hyperliquid WLD | +0.0276% | 1h | 0.4477 | +0.085% | $48.4M | $44.2M | 10x | as long as short |
| Kraken Futures PF_WLDUSDlong | +0.0507% | 1h | 0.4474 | long leg | $852K | $2.9M | 50x | |
| Coinbase International WLD-PERP-INTX | +0.0536% | 1h | 0.4478 | +0.100% | $273K | $1.6M | 50x | as long as short |
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Lighter WLD
Reya WLDRUSDPERP
Phoenix WLD
Injective WLD/USDC PERP
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Hyperliquid WLD
Coinbase International WLD-PERP-INTX